Paragon Capital Management Inc. Buys New Shares in Charter Communications, Inc. (NASDAQ:CHTR)

Paragon Capital Management Inc. purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,011 shares of the company’s stock, valued at approximately $689,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. boosted its holdings in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after buying an additional 13,430 shares in the last quarter. FMR LLC grew its position in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Charter Communications by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after acquiring an additional 7,008 shares in the last quarter. Finally, Cryder Capital Partners LLP raised its holdings in shares of Charter Communications by 8.0% in the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock valued at $172,746,000 after acquiring an additional 39,334 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 0.4 %

Shares of NASDAQ CHTR opened at $340.26 on Wednesday. The firm’s 50 day moving average price is $362.42 and its 200-day moving average price is $353.26. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. The company has a market cap of $48.38 billion, a PE ratio of 9.73, a P/E/G ratio of 0.46 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the firm posted $7.07 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post 36.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CHTR shares. Royal Bank of Canada raised their price target on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Morgan Stanley increased their target price on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research note on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $384.42.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.